BLOOMBERG.COM
OPEC’s most senior official talked up Russia’s commitment to joining efforts to limit oil production even as the group’s internal disagreements over how to share the burden of cuts stood in the way of a global deal. “We are confident of Russia’s commitments,” OPEC Secretary-General Mohammed Barkindo said in an interview with Bloomberg television in Istanbul on Wednesday. Although it’s still too early to assign countries individual output targets, “momentum is on our side” and Barkindo said he’s “very optimistic” that non-members will join a deal to reduce output.
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OPEC’s most senior official talked up Russia’s commitment to joining efforts to limit oil production even as the group’s internal disagreements over how to share the burden of cuts stood in the way of a global deal. “We are confident of Russia’s commitments,” OPEC Secretary-General Mohammed Barkindo said in an interview with Bloomberg television in Istanbul on Wednesday. Although it’s still too early to assign countries individual output targets, “momentum is on our side” and Barkindo said he’s “very optimistic” that non-members will join a deal to reduce output.
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